Metaverse News

Moonray PBC Raises $3.5M, Aims To Bring NFT And Blockchain Gaming To Bitcoin

This month, startup game developer Moonray PBC announced that the team had raised $3.5 million in a funding round led by Animoca Brands, which will be dedicated toward scaling Moonray multiplayer action-RPG, an NFT marketplace, and an in-game economy. Moonray is built using the Bitcoin (BTC) protocol through Stacks, an open-source blockchain network that leverages the security and capital of Bitcoin for decentralized apps and smart contracts.

“Building a game in the metaverse is more than just putting something in VR or AR, there has to be an economy where players can have a real financial stake in the things they own,” said Rodrigo Etcheto, CEO of Moonray PBC. “Players have found roundabout ways to trade digital items in the past and we are trying to make it easier for players to exchange and sell items with one another….When our marketplace is fully-operational we will feature Lightning Network integration, [bitcoin] payments, and NFTs that have the ability to earn [bitcoin] yield.”

The game Moonray and the Moonray NFT marketplace aim to launch with select players around March 2022, according to an announcement. The funding from Animoca Brands follows the company’s partnership with the popular NFT project Bored Ape Yacht Club (BAYC). Animoca Brands and BAYC’s creators, Yuga Labs, plan to launch a play-to-earn (P2E) blockchain game based on BAYC NFTs next year as well.

(All information was provided by Bitcoin News)

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